A banknote processing device that stacks banknotes in a banknote storage section even when a jam occurs. The device has an insertion aperture, a verification section, the storage section and a controller. The aperture separates and feeds inserted banknotes. The verification section verifies the banknotes fed from the aperture. The banknotes are stacked in the storage section. The controller controls conveyance of the banknotes conveyed from the aperture to the verification section such that, depending on verification results, the banknotes are conveyed directly to the storage section. When a jam occurs during conveyance of the banknotes, the controller stops the separation and feeding of the banknotes from the aperture, and controls conveyance such that banknotes for which the storage section has been set as a conveyance destination by the verification section are conveyed directly to the storage section and banknotes for which no conveyance destination has been set are ejected.